On the occasion of the Siemens AG board members meeting in South Africa, Peter Löscher, President and CEO of Siemens AG, announced that Siemens will be creating 500 new green jobs in Africa in the coming years. "Siemens will increasingly look to rapidly growing economies like Africa to meet our growth targets. Creating local green jobs will enable us to meet the growing demand for eco-friendly products and services throughout Africa," says Löscher. By 2012, Siemens wants to triple new orders in Africa from their 2009 levels to €3 billion. Dr. Roland Busch, CEO Infrastructure & Cities Sector, presented details of how the new Infrastructure & Cities Sector can support the world's fastest urbanizing continent.